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Construction & Real Estate

Skyscrapers: A way of life or need

  Rising steel prices pushes up cost of construction Karachi can be termed a city of its own kind. It has an estimated population of 20 million people living in all sorts of dwellings, from huts to condominiums. Despite hardly any support from the federal or provincial governments, housing units are being constructed but still remains an acute shortage of housing units, be it for the richest or the poorest. …

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Construction industry-mother of economic activity

  Construction industry is one of the largest sectors having a large number of sub-sectors which provide a massive support to the economic development of any country. A vibrant construction industry is bound to create millions of job opportunities in view of its alliance with a large number of sub sectors like cement, steel, woodworks, tiles, glass fixtures and a variety of other industries. In this backdrop an active construction …

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Making housing market better, affordable

  In the quickly transforming commercial world, houses are no more just places offering shelter to mankind but it is becoming a serious issue to meet the affordable housing due to the changes in the traditional economic base of communities, population increases, changes in the number of units in the housing stocks, and the rising costs of new construction. In the altered situation, houses have become more and more significant …

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Utilization of PSPD vital for cement industry

  Hike in steel price may stall construction activity Utilization of Public Sector Development Program (PSPD) spending announced in Federal Budget 2014-15 worth Rs525billion, up 24 percent compared to previous one, is crucial for growth not only of the cement industry but other 48 industries allied to construction industry. However, it is important to mention that on one hand the implementation of development plan will help construction activity and allied …

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Industrial development in Balochistan set to be revolutionized under CPEC plan

  The absence of infrastructure is the single most important reason that discourages investment in the industrial sector development in Balochistan. It is the most backward province, which is also far behind from other provinces in road sector development. The province has a road network comprising about 25,099 kilometers, which is less than that of the other provinces. The existing road network in Balochistan is in a dire need of …

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Rising property prices push influx of slums

  Slums continue to increase in Pakistan’s major cities and towns as the property prices keep going up and there is no check hence major townships in the country have been converting into the slums home, to say precisely. It is unaffordable for common man to buy a property for his residence and if one resorts to banks for loan, the mark up on such loans is so high that …

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Karachi the engine of growth but has poor infrastructure and management

  Karachi is the financial capital of Pakistan with most businesses, banks, various companies in the financial sector calling Karachi home. Being the business hub for Pakistan, it is estimated that at least 50,000 people a month travel to Karachi from various small towns and cities seeking jobs. Karachi is also the epic centre for various construction activities both commercial and residential. Karachi accounts for 54 per cent of the …

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Housing industry poised to take a new direction

  The policy makers have once again realized the important of home, which is one of the basic needs of every individual in a civilized society as every one desire to have a decent place that is ones’ own house. However is painful to see that this genuine need remains a dream for millions of the people primarily due to economic disparity and unjust distribution of resources that has rendered …

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Expansion of slum areas and high property prices

  A major reason behind the rapid growth and expansion of slums around major cities in Pakistan is the skyrocketing prices of real estate. It is unaffordable for common man to buy a property for his residence. If one resorts to banks for loan, the mark-up on such loans is so high that he/she finds it almost impossible to payback the borrowed money. This dismal situation is promoting and encouraging …

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Pak-China cooperation in infrastructure projects

  In November 2014, Pakistan and China signed 19 agreements and Memorandum of Understandings (MoUs) to further boost the bilateral ties between the two countries in various fields, including energy and basic infrastructure sectors. Earlier a meeting between Prime Minister Nawaz Sharif and his Chinese counterpart was held in Beijing where both the leaders discussed bilateral relations and the regional situation. The agreements signed between the two countries include solar …

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